March 2010

No Easy Answers On New Rules For A Good Credit Score

March 17, 2010

With the implementation of the CARD act, the rules for having a good credit score have changed. While many of the rules from the past, such as make your payments on time of course still apply; other things are now coming into play that can affect your credit score. For example, in the past it [...]

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Employment And Credit Checks, Again

March 16, 2010

And you’re damned if you do and you’re damned if you don’t. If you are applying for a job and the employer requests a credit check, they can’t do it without your permission, however, if you don’t give your permission that could be the deal breaker right there. And if you have been out of [...]

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The Holdup To Economic Recovery

March 15, 2010

Most of us have not seen an economic mess like the one that we are in now. With the housing and foreclosure crisis and the unemployment rates hitting the higher double figures the economy looks rather bleak. Is there an end in sight? Of course, there is. However, a large part of the problem no [...]

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Pay For Delete

March 12, 2010

As you are attempting to repair your credit, you may need to pay off some old debts. In that case, it is in your best interest if you can get the lender to delete it from your credit report. So how do you do that? You negotiate. In negotiation you may win or you may [...]

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Improving And Repairing Bad Credit Reports And Low Credit Scores

March 11, 2010

Credit repair is not a magical fix that can work in every situation but it is possible and people who are struggling with bad credit should not sell themselves short by not even trying. There are many credit repair techniques and strategies that can be employed that will significantly improve credit reports and credit scores. [...]

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Short Sale Solution

March 10, 2010

In an attempt to thwart the overload of foreclosures that is continuing to thwart the economy, a new program is encouraging banks and owners to agree on a short sale in order to sell the property and prevent a foreclosure. A short sale is when the bank or lending institution agrees to accept less than [...]

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Magnets And Your Credit Cards

March 9, 2010

So what is the truth? If you expose your credit card to a magnet will it still work? The story goes that a magnet will destroy the information encoded on the card and it will no longer work when you swipe it. The fact is that the stripe on your credit card is actually a [...]

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What About Debt Settlement?

March 8, 2010

“It’s a secret they’ve kept from you” “You Can Settle Your Debt For Pennies On The Dollar” “Stimulus Plan Knocks Out Credit Card Debt” You’ve seen the ads plastered all over the Internet. So can you really settle your debt for pennies? Well, yes and no. First off it’s not that easy. You can’t just [...]

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Your Free Credit Report Is Not Free Everywhere

March 5, 2010

Another reminder here that the free credit report that you are entitled to by law is not free at the site that sings the jingles about freecreditreport.com on TV. The only place that you can get your free credit report is at Annualcreditreport.com. This is the only site that is authorized by the government to [...]

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Limits On Credit Card Penalty Fees?

March 4, 2010

Have you ever made a small mistake with your credit card, for example, being late on a $20.00 minimum payment, and then to make matters worse the bank hits you with a $39.00 late fee? Excessive late fees have long been a common consumer complaint. But on Wednesday of this week, the Federal Reserve proposed [...]

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